Hanwha Group announced on September 20 that it will make early payments totaling approximately 185 billion won to over 1,580 partner companies ahead of the Chuseok holiday. The payments will include 52.5 billion won from Hanwha Aerospace, 55 billion won from Hanwha Ocean, 24.5 billion won from Hanwha Systems, and 14 billion won from Hanwha's construction division.
This early payment initiative is expected to help the partner companies manage their financial burdens, facilitating the distribution of bonuses and payments for materials to secondary and tertiary suppliers.
Hanwha Group has a history of making early payments to alleviate the financial pressures on its partners before holidays, having disbursed approximately 179 billion won ahead of the Lunar New Year in February.
Kim Seung-yeon, Chairman of Hanwha Group, emphasized in his New Year’s address that “the workers of our partners are also part of the Hanwha family, and the local communities are the foundation of our business,” highlighting the group’s principle of co-prosperity, “Going Together, Going Far.”
Additionally, major subsidiaries such as Hanwha Aerospace, Hanwha Ocean, and Hanwha Solutions will conduct community support activities ahead of the Chuseok holiday. Hanwha Aerospace plans to deliver rice, snacks, and daily necessities to underprivileged neighbors in Daejeon, Changwon, and Yeosu. Hanwha Ocean and Hanwha Solutions will also host events to share holiday meals with local residents in Geoje, Ulsan, and Daejeon.
Meanwhile, Chairman Kim Seung-yeon has been proactive in realizing the value of “Going Together, Going Far” by gifting health foods to over 69,000 domestic employees in August as a gesture of gratitude and encouragement.
* This article has been translated by AI.
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